{
  "url": "https://openlegislation.uk/consumer-credit-enforcement-default-and-termination-notices-regulations-1983/schedule-2/paragraph-5",
  "json_url": "https://openlegislation.uk/consumer-credit-enforcement-default-and-termination-notices-regulations-1983/schedule-2/paragraph-5.json",
  "legislation": "uksi/1983/1561",
  "legislation_title": "The Consumer Credit (Enforcement, Default and Termination Notices) Regulations 1983",
  "legislation_url": "https://openlegislation.uk/consumer-credit-enforcement-default-and-termination-notices-regulations-1983",
  "path": "schedule/2/paragraph/5",
  "kind": "paragraph",
  "number": "5",
  "heading": "Consequences of failure to comply with default notice",
  "text": "Where any action is specified under paragraph 3(c) or (d) as required to be taken, a statement indicating the consequences of the failure by the debtor or hirer to comply with the default notice in the following form—\n“If you do not take the action required by this notice before the date shown then the further action set out below may be taken against you [or a surety].\n[A surety, typically a guarantor, is someone who provided security to help ensure any amount you owe under this agreement is repaid.]”\nNotes:\n1)This statement must be followed by the specification under paragraph 6 of the further action intended to be taken by the creditor or owner.\n2)The creditor or owner must omit the words in square brackets if there is no specification under paragraph 6(e) of any action intended to be taken to enforce any security.\n3)The creditor or owner must omit the final sentence in square brackets where either regulation 2(6A)(a)(i) or (ii) has been exercised.\n4)The wording in bold print must be given prominence in accordance with regulation 2(5).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 2 substituted (2.12.2020) by The Consumer Credit (Enforcement, Default and Termination Notices) (Coronavirus) (Amendment) Regulations 2020 (S.I. 2020/1248), reg. 1, Sch. Pt. 2 para. 1 (with reg. 9)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1983/1561/schedule/2/paragraph/5",
    "retrieved_at": "2026-10-29T17:56:13.605772+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}